Monday, January 01, 2007

War Debts

Great Britain has made the final of its World War II war debt payments. The U.S. loaned England 4.33 billion in 1945 at 2% for 50 years (apparently there were 5 years that Great Britain had to defer payments because of economic hardships). World War I war debts have still not been repaid.

I wonder how long it will take for the U.S. to repay the money it is borrowing to fight the insurgency in Iraq?

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